3 Great Harvest Bread Co for sale n Northern Virginia

Herndon, VA (Fairfax County)

3 Great Harvest Bread Co for sale n Northern Virginia
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Asking Price: $500,000

Cash Flow: N/A

Gross Revenue: $1,100,000

EBITDA: $53,000

FF&E: $200,000

Inventory: $25,000

Rent: $2.92 /Month

Established: 1990

3 Great Harvest Bread Co for sale n Northern Virginia

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Business Description

Profitable Established Franchise Bakeries

Turn Key - Freedom Franchise -
Success is not the key to happiness. Happiness is the key to success! If you love what you are doing, you will be successful. Now here’s your opportunity for the same, success & happiness. These profitable bakeries in Northern Virginia are For Sale. This turn-key operation is ready and waiting for the right owner to jump on board and take it to the next level. Year 2018 over year 2017, (November 1, 2017 through October 31, 2018) sales have grown 5.9 percent. Highly experienced staff, and a large, loyal customer base. Gain exceptionally strong training and support from the franchise home office, while having the freedom to be creative. It’s a “Freedom Franchise”. The Herndon bakery was remodeled in 2016 with new displays and the addition of Mud Pie Home Décor sales area and an outdoor patio.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
4,150
Lease Expiration:
8/1/2021
Employees:
32
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Inventory: Included in asking price Real Estate: Leased Building SF: 2,000 Herndon, 750 Vienna 1,400 Ashburn Lease Expiration: 8/31/2023, Vienna, 08/01/2021,Ashburn, 8/01/2026 Herndon Employees: 32 Furniture, Fixtures, & Equipment (FF&E): Included in asking price. Over $200k in Equipment Rent for all three locations is approximately $12,100 per month
Competition:
With some of the best demographics in the state, Northern Virginia offers top rated schools attracting families and great businesses and is in an area surrounded by excellent feeder cities such as Leesburg, McClean, Fairfax, Reston and Chantilly. As a staple in the community for the past 28 years, we have an established retail client base. In the past year we have added four farmers markets. The Herndon store ships close to 500 boxes of bread yearly all over the country.
Growth & Expansion:
Opportunities to grow the business significantly in several promising areas like wholesale and catering, e-commerce, referral gifting, additional farmers markets and more. Own a franchise territory that allows you open multiple additional satellite stores or sell off portions of your territory. Owner has been contacted by a developer to expand a bakery and café inside current territory and is offering below market rent and substantial build out funding.
Financing:
Buyer must find own financing
Support & Training:
Extensive Franchise support and on-going training.
Reason for Selling:
Owners are divorcing.
Franchise:
This business is an established franchise
Business Website:
http://darngoodbread.com
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Business Listed By:
KENNETH MARTER

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